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Solana (SOL) began to slowly rebound after hitting a low of 179 last night, which indicates that the current long positions are relatively weak. Market participants should closely follow the rebound trend, but proceed with caution, as the risk of a pullback still exists as long as the price fails to break through the 185-187 range.
Currently, the important support levels below are 180 and 178. These two price levels will be key in determining the market direction.
On the other hand, if SOL can strongly break through the 185-187 range, we may expect further upward movement. In this case, the resistance level will be concentrated around 190. If it can break through 190, the next target price levels will be 195 and 197.
It is worth noting that if SOL can successfully break through these resistance levels, it may provide investors with a potential short selling opportunity. However, before making any trading decisions, investors should fully assess market risks and act cautiously in conjunction with their personal investment strategies.
Overall, SOL is currently at a critical position, and market participants should closely follow the price movements, especially around the mentioned key support and resistance levels, to seize potential trading opportunities.